The Sun. — London, England, 1826-02-04 00:00:00

re he people of that country, and 'he was sorry to say that the French set tilt a better example. The Honourable Gentle man then contrasted the Speech of his Majesty with that of -.the French King. The speech of the King of France coin mene.el by informing his petyle that he would relieve them from nineteen millions francs or taxes, and tied ho would con shier the interests of every description of his people. Nothing of this Wild had been set forth in the Speech of ,Majesty the Ktair of Englund. He believed the Cabit.et walla do all they eoteld for the : suffering Irish ; yet tit s vas some etrange tuathin attached to the name of Ireland which preeented Mini from devising any beneticirtl means to relieve it. He had been tempted :t* rote, because being en Irish Member, he felt that there would be a stigniu attached to his nante if he did not epeak about the tee e of his suffering countrymen. Mr. A ItT said, that he thould be sorry to throw a damp open arty improvement that could be suggested to pre vent a teen neriee of the 'etc embarrassment in the commercial world. He tegretted that the influence of the remedy suggested by tile Onvernnient, should be but partial and local, instead of ~e-neral. , He Was in heves that the meesure would not be con fined only to the Aletropolis anti sixty-five miler beyond it, but that it weakd be adopted throughout the kingdom. It was a very erroueoue idea to suppose thin 'a banking firm, consietine; of three nersons, W:ts riot SO secup.t. 48 one composed or double'. that member. Ile found, upon looking over a !let of between meet) anti :eight '.tandred banking establbilimente, that the ge nerelity Of them consisted of three or four gentlemen only to each firm. If banking houttes could derive uay benefit from th association of the number allowed bylaw to each bank, they would very natturally go to the extent of that permission. But they had found that it was not the number that created an itleit of wealth, but the r espectability of each individual. To make titt of a Latin phrase, he would add that.— * 4, To l tes potederentur non numerctour." He thought that the plan if cots mie:l deed partnership was very good, where a number of gentleinen associated themselves to gether, .and each put in a certain Milli of money to forma cap.. tal,'ariti could not he made amenable beyo ‘ hd that sum. The consequence was, that each individual composing this partner ship kept, au eye upon his neighbour, to sec that he did not go beyond his de poit in speculating, &e. lie would add one word tibtatt the landed property of hankers. The landed pro. perty of those Gentlemen was in general of no use to the cretli tens, on account of the intricacy of the law. Sir THOMAS LETHBRIDGE had heard with great satisfaction that part of his Majesty's Speech, which recom mended the adoption of some means to alleviate those pecu niary embarrassineote which had been so generally felt. Ile could not,however, completely coincide with the Ilon. Gentle man who bad been n earnest about the Corn Laws. It would have ben very premature for 31 ini*ters to have attempted the amendmene et' the Corn Laws without doing something to relieve the embarrassment of the currency. lie had questioned It number Of silk throwstera who had settled in the county which he had had tire honour to represent, as to their option of the Corn Laws, and they had all to a man declared that they did not wish fur a change. They were undoubtedly more compe tedt to judge of the state of the Corn Laws, as they had felt the inereAMe at the price of bread. Yet they did nut COMplairh— . The house had been informed by an lion. Member that the benefits of free trade hud not yet been tried in the silk trade ; he entreated the House to peon before they allowed the law on that stibject to come into full operation. He could inform that )11. Member that a silk trader of Lyons had offered to deliver t'lis country, for home consunietion, etey quality of silk, at the rate of 10 to LS per cent. The lion. Member concluded by -saying, that he had repeatedly conversed with different persons on the subject of the absorption of the one and two pound totes, and they thought that it would be attended with great inconvenience. He wished to know what they proposed to supply their place with ? If with gold or silver coin, what would he the result? In consequenee of the difference of Foreign Exchange, it would be all swept oil' for exportation.— He knew very well that they would reissue the notes. That was very true, but the relict' thus would he only temporary, and he wished it to be permanent. Mr. HUAIE protested that he had never heard such a 'speech as that which had just fatten from the Honourable Baronet. What connection there could be between the Corn Lawsand the Currency he was at a l oss to conceive. .As well might the Honourable Buronet have said that the East Company's mo nopoly of tea affected the Currency, as that it was in any way influenced by preserving to the landed proprietors their mono. .puly in corn. He could not see the least affinity between the two subjects. With regard to whet hid fallen troni the Hon. Baronet, as to the feelingol the manufacturing classes upon the question of the Corn Laws, he could not believe that such opi- Mons were shared by the Inds of that body. A few individu als might have told the Honourable Baronet this, but the feel ing could nut be entertained by the tatty at large. He VMS as sured of this by the evidence given before the Committee which eat opon the Silk Laws. If the Ilouse looked at that evidence, it would see that the principal Silk Mune facturers declared that . they had no fear of competition if they were relieved front the presettre of thetrie laws. Ile could also speck from his own ex perience, derived from much intercourse and correspondence 1 , . with the manufacturing interentse he had consulted them upon this bubject, and they g enerally said that they had no fear of competition in plain goods, but that in fancy work, which was a branch ()leery minor importance, they were not yet prepared to meet the French market. Ile there:five thought that ..'llnosters were bound not to give up tilt:Trim:4)le of their ••measure, although it might be expedient to extend the period , of its operation in respect to a few articles thr one or two years. Ne,deprec.ited any -delay in extending the same principle to ,the Cern Laws, and trusted that the earliest time would be seized for securing that &ukelele object, consistent with a due consideration of the interests of loured property, which lie by no means wished to see depreesed. He was con vinced, however, that the change would be for the ultimate good of that interest. lie wus sorry the house was so con.' stituted that the Ministers should be deterred by a certain influence front bringing forwent a immune which he believed every one of them cousidered an advantage to the country. — They were afraid to bring it forwent, because they were afraid to meet this influence ; and, indeed, is it passed that House, little could be expierted from the other after the fate of the Catiada Wheat Bill. At all events, he would have that house du its duty, and act as became the proper guardians of the interests of the mass of the people. The lion. Member then compleined thet the question which lie had on the previous night put to the Bight lion. PrevitiOst of the Board of Con trot had not been tally untie/erect. Ile was sorry to see the in tereste of 100,000,00 d of people considered as a mere episode in the eirdt ',t' the country. He contended that the measures which lied been resorted to with respect to the Press in 'lndia were illegal, although the Law' Authorities had declared them to he otherwise, Ile also denied that the justice of the liurineee war contil be proved by any documents yetbefore the House, or within his kr.ewledeve. The Right lion. Gentleman had, indeed expr,s,td his coin tfdence in the InetiOlit flovernotetit of India, but he veldt' tisk hint whether that confidence war shared by the court of Dirt:fOtOrit ? Ile would aid; hint whether they had net cuttoniniettted to him a contrary feeling ; for it was publicly 3piti tied they had expressed to hint their want of confidence. The ii.habitturts of the country over which bard Amherst pre. aided had ho colifitienee in his competency for the duties of his high °Mee, and this opittion tits every where publicly cx. prettied. Tile Honourable Member then read unextract Item the letter of an ()fleer in Calcutta, received that morning by his Honourable Friend the . :limber l'or Coventry, suiting that the tioiertitnent was inefficient and imbecile, anti that nothing could be expected from them. lie had never seen a letter from Calcutta the the last fourteen months, which did not wind up in the epate way. 'j'i,ese letters agreed in admitting tlic'anit• able character of' tic.rti Jttaberit ' A private feelines; but litr hint• self he roust eat( that lie could see no proof of thui in the conduct of tlic Government towerde the regiments who retUsed to march at harrackpoor and who were cut down without mercy befort: Illkatif4 Wert • tallen to induce them to return to their duty, or C 5 .lain their grounds of complaint. rity.iim ANT LE nude *erne observations, which were at first timlerstood him to deprecate the course .takeit fry the Hon. 'Member for Aberdeen, ie circulatiug these reports eouteined fal attooyenoos or private letters. Ho could assure the Hon. 11lember, that every publicietter received from persons of authority in thaicountry, held out the expectation of a speedy and prosperoos termination of the war. He was sure this would not have Veen stated by his Bight. flonoureble Fri e nd, eensideritig itla etaracter and situation, witliout t he existence of doeutiteots upon which every reliant' could be placed. The question which had been put by the Honourable' tlentiemeu, carried its 4)w a answer whit it; toe if the Court of Directors diet not repose confidence in Lord Amherst'. govern. ment, they had the pewer ATS111E4;11611 to-morrow. It there. fore appeared to him that the lion. Member had .been most in. coneiderate in putting sueli a question to his Bight Honour. able Friend. Wee it to be cod drat the public conduct of Lord Amherst was to he decide, itiem on theatithority of these yivate lettere from India ? Ile should not enter into it question inch importance in the present thin ',Late of the House, but tf the lion. Member woad fix Upon any one specific, act and T eske it a metter of charge, then ids Right Hon. Frieed, and. .etAidee connected with the tiaverument of India, would be ready to support that Government, and the army acting under its threatens. The wo then brought. up, and read by Athm e Clerk. was Sir C. FOILDES said,that justice to Lord in:nit it slue to him to irdy that he conld not bo in any way eonnecmte er d •with the. Melancholy transaction tO ath od, thatieit thethe lion Hight lion. . Meb lips Aberdeen had alluded. He I tust papers before the House, for they gentleman would lay the woad show this to be the fact. Mith WYNN said,. livedd not know what -connection Lora 1rA,041, couldtobe euppto loin Walt tileertiforthus.hlteod.uactrtialrl udell to, ritid he thought it prudent t anY for the proatsht. lid would take that opportu . Oity to say of Lord Amherst, chat there was no foundation whatever for what had 1411 en from the Honourable Member opposite -respecting thPt N l i uan. There was nothing more lameatoble, ;has - the Itti,:ntion given to reports contained in icossiplitr, letters, the writers of which seemed only taxing their mgenUtty to see how far the credhlity of their friends would go, and how inuch some people would swallow,— (A laugh.) Mr. 111 %%I E explained, and reiterated his charge as to_ the ;ncomi,tency and ttnpoi.tdarity of Lord Amherst 's Govern ment. lie hoped the Right Honourable Uentleman would lay the fullest information Wore the House, as it was his duty ti) do, and it it clipeared: from the documents-that he had been wrong in hk ehakes, he should be very happy to retract.them. Mr. FL ELM ANT LE said, there was one point upon • which be would set the lion. Member right, as to the lathent. able atfiiir at rarrackpoor. Although the: lion. Member had said no'means had been used to 'bring the regiments back to their duty before force was resorted to, he could assure him that communications were kept up with those mutinous regi ments up to the Moment of that unfortunate 'and calamitous .scene--in order to prevent the last resort to force. With 're spect to the gossiping idle letters which the lion. Member con. tutlerti worthy of •AO much attention, he would state one fact les' to the rumours which-prevailed last year, suiting the army to he incapable of action front disease. At the very tune when the 311th, King's Regiment, was representid as not having one an that Could be brought under arms, 300 were upon active : duty at Rangoon. _ • , • Mr. Il um's: explained. The Address was then agreed, and ordered to be presented by' the Members of his Majesty's Privy Council. Mr. W 1 NN said, that if the Hon. Member for Aberdeen supposed he meant ttiproduce the report of the proceedings at Barackpoor, he begged to inform him that he had no such in- tention. Mr. HUME then gave notice of a motion for their produc tion for Tuesday the 23d instant.—The House adjourned to Monday next. MEETING at the BANK of ENGLAND. A very numerous and highly respectable meeting of Pro prietors of Bank Stock took piece yesterday ut the Bank o England, for the purpose of receiving an important cemmu nication from the Directors on the subject of the correspond ence which had taken place between them and his Majesty's Ministers relative to the proposed alteration in the currency of the country. At twelve o'clock, the Governor and Deputy-Governor, ac companied by several of the Directors, entered the room. The Gov retie o a opened the business, by informing the Pro prietors that they were convened for the purpose of taking into consideration the important communications which had lately passed between the Board of Directors and his Majesty's Minn. ters. In order that they might be in full possession of the matter to be submitted to their attention, he proposed reading the correspondence as it had occurred. The first paper read by the Governor, was a letter addressed to the Governor and Directors of the )tank, by the First Lord of. the Treasury anti the Chancellor of the Exchequer, dated Jan. 13, 18211, and was in substance as follows : After adverting to the late pecuniary embarrassments of the country, it proceeded to observe, that, as the panic had already !subsided, confidence was. nearly restored, and things began to resume their wonted station, it became the anxious duty of his Majesty's Ministers to direct their attention to the means of preventing a recurrence of the evils with which the country had been afflicted. For this purpose it was declared to be the (Onion of his Majesty's Ministers that a gold circulation should be restored as speedily as was consistent with practical security. His Majesty's Ministers declared their decided opinion that the difficulties whtich had perplexed the ordinary affairs of the country, proceeded, it was stated, in the opinion of his Ma jesty's Ministers, from the rush spirit of speculation, aided by the unrestrained issues of the country banks, which had per vaded the country. The remedy which offered itself to the minds of his. Majesty's Ministers, was to shorten the dura tion of the Act for permitting the issue of one and two pound notes till the year 1033, to a limited period of two or three years. This measure, however, did not appear to be adequate to meet the difficulty of the case ; ftir, in 1793, when there were no notes of one and two pounds, a far greater convulsion had taken place. On that occasion not fewer than .100 banks failed. In Scotland there had been no failures, owing to the particular regulations under which the bank ing system was carried- on there ; and there could be little doubt that to the unlimited issue of small notes, much of the evil was to be traced. . It was much to the credit of the Bank of Englund that they had always conducted their atliiirs upon it basis of security to themselves and benefit of the coun try. 'roe object of' the Government, to bring the country back to avid circulation, was to be effected by two modes; one was, by the Bank . of England establishing. branch banks in different parts of the country ; and the second was, by the Bank giving up a portion of their Privileges, which limited the num ber of partners in a bank. The Bank, It was thought, could not establish branch banks to an extent sufficient to answer the demands - of the country. There remained then the other plan for their adoption ; and in this. they had the example of Scotland as a guide. In Englund there were eight or nine hundred banks, a great number of which were not conduct ed upon that principle which could alone ensure the safety of' the community of their,own. Even in the case of failure, from circumstances perhaps unavoidable, in those hunks where a greater degree of caution was practised, al. though, eventually, the creditor might receive the amount of Ins debt great suffering and sacrifice of property had occurred in the mean time. Anti if this were the case with those which were not open to any particular charge of misconduct, must be the result where these banking establishments did not rest upon any solid foundation whatever ? The banking system of Scotland presented an example of firm. DUO in • dines of distress which deserved particular attention. Here, then, were only thirty banks; but they were placed upon a different basis than those In this country. It' the concerns of the country could be carried on. without the aid of any other 'establishment than the Bank of England, there would be no necessity for resorting to the plan of hanks on the principle of the system practised in Scotland. But this was not the case ; and in considering the change proposed to be made, to effect which the Bunk was called upon to lend its aid, ft behoved that body to reflection the dangers to which It must beexposed by a derangement such as that lately witnessed. Let the Bank reflect upon this, and then say, whether it was not desirable, on its own account, that an amendment in the general system should be made. The Bank might propose, us they had done before, un extension of the term of their exclusive privilege beyond the year 1833 as the price of their concession. With respect to this it was to be observed, that while on the one hand the Bank would gain an additional safety, which had been endangered by the late convulsion, on the other they Would not lose by an interference with the circulation of their j n. notes. It was notorious, that their notes did not circulate beyond a certain limited space round the metropolis, in any ran of the country, with the exception only of Lancashire ; anti with respect to that county some special provision might be made. So long_as the Country Bunks continued upon their present footing, difficulty of greater or less extent must accrue teethe Bank of ithgland upon the exchanges turning against this country. The' consequence to the Bank of things remain ing thus, must be a diminution of their profile, in the accutnu lated treasure which. it would always be found necessary to keep in their coffers, to meet the emergency which a panic might create. Thus, on the ground of proht anti safety, the change proposed wits to the benefit of the public. With re. sheet to tiny fresh privileges, it was distinctly stated that Par hament never would consent to any thing of the kind—such things were now out of fashion. The Bank would still re main a chartered Calumny, and the Bankers of the State ; the public creditor must by law be paid by the Bunk; and so long as they conducted their Lathes upon those sound principles which bad Hitherto disiingul.ii•,cd their manag . ement, they would no doubt contintte to be the centre of circulation and commerce. In conclusion, the letter stated, that it would afford great facilities, and be hig;dy advantageous to the country, it the hank would agree to make t h e concession proposed, before the opening of Parliament. . In answer to this letter, on- the 20th of January, the Governor and Directors stated that they had taken into full consideration the important paper addressed to them by the First Lord at' the Treasury ami the Chancellor of the Exchequer, and had resolved, that whatever difference there might be in the views upon sonic subjects entertained by them and his Majesty's Mi. -ntitteis, they did not mean, upon this occasion, to oiler any opt `Mon of, their own. The paper they regarded as merely decla ratory of the grounds upon which hie Majesty's Government cnntku3ibtlatt:ti uchange fit the system f banking throughout the the tstpttgtry. Cuutidcnce, in their tics of case , however, they eexte c n a tsupposed by his Alfßilfe'e Ministers.—With referench to the country circula. tioat the Bank would not oppose any consideration of personal - profit to themselves to the real advantage of the nation. With teference to the particular interests of the Bank, the Directors could not consent to recommend to the Proprietore any cone cession of evrivdeges, sanctioned and confirmed by many Acts of the Legislature. 'three (Lees after this answers was sent the flank received auother communicetion from Fife-house protesting against the right of . the llank'to ask any compensati on ; but stating, - that if conditions were to be proposed, they must be forwarded by the Bank. The Bank hereupon reqii;;ed that they should be placed - upon the saute footing as the blank of Ireland, by the Act •of Oth Geo. IV. cap,42, which extended the exclusive privileges of the Bank to it distance of 6 miles from the metropolis. Tins stipulation was acceded to on the part of (imminent, and in this shape the matter came before the meeting of Pro prietors yesterday. The Gov nN on then stated, that the Court of Directors had given the subject their most anxious attention in every branch 'of it. He was instructed to submit a resolution to the effect— " That the Court of Directors were of opinion that it was ad visable to accede to the proposal contained in the above letters, with the approbation of the Court of Directors." In answer to queetions put by different Proprietors,the Go vernor stated that the present proposal did not go to he extent of the Bill brought into Parliament in April 1822 ; but that they had been quite unable to shake the resolution of hie Ma jesty's Illinisters upon that point. 111 r. AST ELT. moved, that the Court of Proprietors present recommend that the •Itesolution submitted to them be carried into effect. They hid, in his opinion, been called upon to surrender a portion of their Charter, not to benefit the Pro prietors,' but the country.--(lieer, bear, hear!).--At the same time he thought the Governor and Directors had dune the utmost they could; and, under all the circumstances, he thought it only remained for them to comply with the demand made upon the terms offered. They ought to consider them. eelvems to be.inditidlials in theconumenity e nkviell as. Bank Pro prietors, The Directors had fully done their duty to the Proprie tors throughout their correspondence with Government, and they had acted upon the most enhrred and liberal views to. wards the welfare of the country. We understood hiM to say that a difference of opinion prevailed between the Directors and the .Government, on the subject of the late financial panic, Ministers expressing a belief that that panic was over, and the Directors thinking the contrary. However this• might be, he was convinced that mush of the present commercial e mbarrassment arose from the extensive circulation of country bank (paper, and that for the good of all classes, it would be well to accede to the proposal of 111inisters. The adoption of the plan proposed by them, would not, he went on to say, at all affect the responsible and respectable firms already eats. Wished, and would prove destructive only to those ephemeral banks which were unworthy of confidence. Mr. Yo uNa then rose to submit, as an amendment, that in consequence of the surprise by which the meeting wits taken On a subject of such vast importance, the papers should be printed and distributed among the proprietors, allowing a period of ten days to elapse before they should be called upon to vote on the resolution. • To this there wiz a general cry of" No, no !" and the emend. ment was not persisted in. Mr. JACKSON wished Government would conform, in their proposed Bill, to time three points of similarity in the Bank of Ireland Act. It was scarcely possible they could venture upon, the establishment of branch banks during the brief remainder' of their charmer—e( Hear, hear !)—lf Government wished to have branch banks, they ought to consider the time necessary to carry their•wish into effect. Charters could only be revoked for malversation, or because they no longer answered the pur pose for which they were granted. In the latter case, when they could not be forced to concede their privileges fur seven years, except at the point of the bayonet, they ought not to be required to do so without compensation. The GOVERNOR assured the Gentlemen that every argu ment had been used In vain with his Majesty's Government to induce them to agree to an extension of their charter. Mr. WYNN wished, before offering any observations on the subject, to be informed whether the Directors were elisposed to act upon the principle of establishing branch banks. The GOVERNOR said, he should take an opportunity of al. lading to that subject before the meeting adjourned. They would recollect that it had been mentioned only incidentally in the documents he had read, but the Directors did not enter into an pledge on the subject. 111 r. WYNN said he felt convinced that the measure con templated by Government would have the effect of extending further the spirit of speculation, from which so many evils were said to have arisen. He saw no reason why the Bank should be called upon to open their charter. They had conferred the greatest advantages on the country, and during the late diffi culties, had been the principal means of supporting public credit. No man would be more ready than himself to give up a private privilege for a public good; but he could not believe that it was for the interest of the country to make such experi. mente on the circulating medium. There was nothing like equal justice in the measure proposed. The subject was one that required deliberation, and therefore he should wish to have further time allowed for considering it. Mr. RANKLY thought that a further effort should be made. to have the duration of their charter extended, before they ac ceded to time proposition - of Ministers. They should at least be placed on the same footing in this respect, as the Bank ot . Ireland. Mr. ItAVEN said, he expected that this subject would have been discueeed at much greater length. It would be danger ous end unwise to decide upon a matter of such importance, without an opportunity being afforded for giving it further con sideration. km his part, he was not as yet competent to form an opinion unit. He had not had time even to read the speeches in Parliament last night in reference to, the question. it did not appear to him that any ease had been made out to warrant' so important is change. They were not aware of the conic. quences that might result front it, with respect to the circu lation of bank pmiluer. There were some parts of the country In which hardly any other note circulated,—he alluded in particular to Lancashire. The falling off of their circu. ' lation might be much greater than they were aware of, if such a measure should be adopted. One of time advantages expected to result front the change was, that men of landed property would be induced to enter into banking concerns, and that time public would thus be more effectually secured against difficulties similar to those that had lately arisen. Upon this' he must observe, that those banks were by no means the most successful, or the best managed, that were In time hands of landed 'proprietors. If landed property were alone sufficient to ensure stability, the firm of Wentworth and Co. of York, would not have fallen under the late diffi culties of the money market. The truth was, that in banking concerns nothing, butt prudence. proper management, and a knowledge of business, would do, and he very ouch doubted whether landed proprietors were the persons most likely to possess them, in the way necessary for cone ducting banking establishments. He also entertained some doubts as to the principle of branch banks. The subject at least required more time for consideration. He had now beencofor persons ears * partner in the house of Barclay and very considerable experience in business, t i r w t y h u y had and they were all of opinion that the proposed change would not be beneficial. It had been 'observed, that tailors, cheeeeniongers, or butchers, might become bankers, under the existing law, if they possessed - only a hundred pounds. The proposed• scheme would have the same effect. Every mu an who pleased, and possessed but a little money, might enter upon the business of a banker. • Lord Liverpool obse rve d, that the amount of country notes, in 1825 , was double that of 1021,1822, or 1023. They heard it frequently announced, that the trade and commerce of the country was every day extending itself; and was it oat natural that the circulating meditim required for such extended transactions should in. crease in a similar proportion ? The increase of trade was suf ficient to account for it, without having recourse to the circum. stance of rash speculation, which he did sot mean to deny might have had some effect. The fact was, diet very few country bankers had failed, but those who, by persons well ac quainted with business, were well known not to be fit for the management of such concerns.--(Hear !)—On these grounds, he should move that time further consideration of the subject should sir r b . e d.:t 0: 3 1) 4. 0 14 n e x tl E t y o this day fortnight. tkat the proprietors should not be called upon to decide so rapidly. They should first be al lowed an opportunity of consulting the documents which had been read by the Chairman. Mr. PAYNE deprecated any such experiment as that propos. ed. It was one which had suggested itself merely in a time of difficulty. - The country was deeply indebted to the Directors for their prudent conduct under the late embarrassments in time money-market." They increased their issues only when dr. ctunstances required it; and they readily acquiesced in extra ordinery tnemieures, when the state of the country rendered them advisable. On no former occasion, that he recollected, had they acted with more .prudence and propriety. What he looked to was the necessity of the measure now proposed ; and, as he before stated, it appeared to him only an experiment that suggested itself. under the late difficulties. Mr. InvlN ci Ileprecated any delay upon this occasion. It was netessary that whatever was to be done, should be done quickly. Time question was not one that admitted ot' procrasti nation. Until they decided one way or the other, 111inisters could not proceed with the measures they had in contemplation. Mr. IlevEN expressed his determination to call for a ballot. 'rime GOVERNOR said it was competent to him to do so on the original motion, but not on the amendment . Mr. ELLICE, 111. P., said that any delay must pr o ve highly inconvenient in the pr esent state of the pecuniary affair* of the countty. It should be recollected; that even after the Proprie tors should agree to this proposition, much time must elapse before the measure co n tem pl a t e d by the Government could be , brought into operation. The great question , indeed time only one at present w as , w h et h er t h e y would allow of an extension of their Cherter, or were determined to adhere strictly to it..... If the came to the latter resolution, the consequence might per. hap% be, that when they came to ask for a reaewal, they would deprive themselves o f t h e a d van tages which they might derive front conceding e l er t d o e b ni e to teriv n ed a fro W m be it. " that had fallen front his Hon. Friend (Mr. Baven) e but still he thought thee, fiefs wie l o to great tl e Bank, what be: benefit itwilwamwsheaistkpbecteed. He concurred in much ought to give up what was not very deeply he nce Mr. You NG again p ress ed time necessity of further adjourn ing the question. He did not think that the measure proposed could benefit the country—quite time contrary. Mr. lt. JACKSON again pressed his former suggestion of ex. tending the Company's Charter five years longer. It was said that the Bank of Ireland had given 500,0001. for the ex tension of their Charter. But he would ask, did they propose to give nothing ? Were they not, in fact, making a sacrifice of seven years of their chartered rights for it.. This was a point which ought to be strongly pressed by the Directors. When Government found that - it was the unanimous sense of I the proprietors, they would,* had no doubt, concur in it. A PROPRIETOR, whose name we could not learn, said it must prove highly inconvenient Wan idea should go abroad that any difference existed betwee*the GoVernment and the Bank. It ; This would necessarily he the consequence, -if they agreed to the proposed delay. Mr. B. Slimy supported the original proposition. It would not follow from their agreeing to-it, that the proposed system of banking would be carried into operation. He much doubted whether that part which related to the establishment of Joint Stock Companies would be acted upon. He did not wish to let it go forth uncontradicted, that the late difficulties in the money market were attributable solely to the cause assigned by Minis ters. There were other causes mixed up with it, and one which ought not to be overlooked, was the unusually large import s that had taken place.—(Crles of question.)—He would not trespass longer on their attention, but he could not, upon an occasion like the present, omit making . these few observations. Mr. Matra. opposed again any further delay. Ministers could do nothing in the business until such time as the pro prietors same to a determination on it. As lie understood the thing, the establishment of Joint Stock Companies was not contemplated, but any number of persons, 10 or 12, might unite in the formation of a banking establishment,' and the whole of the property was to be answerable. The Directors had omitted nothing that could be done to obtain a further exten sion of their privileges for live years. The amendment of Mr. Baven, for further' adjourning the discussion, was then put and negatived. There were but very few hands held up in support of it. Mr. It. JACKSON then proposed, by way of addition to the original proposition an amendment, which went to declare that equity and justice, in the opinion of the Proprietors, re quired a further extension of their charter for.s years, as in the case of the Bank of Ireland. Mr. S. DixoN, and Mr. Onntrirm., M.P., supported the original resolution, and recommended to Mr. Jackson to with draw his amendment. With this recommendation, the Hon. Proprietor refused to comply. The amendment was put and negatived, and the original Resolution carded almost unanimously, Before the discusasion closed, the Governor intimated that the Directors concurred in the principle of establishing Branch Banks in connection with the Bank of Englund. RIOT AT NORWICH. On Wednesday morning last a large body of weavers proceeded to almost all tha public-houses from whence the carriers set out, and searched the carts. Some materials for work were found, and directly deposited in the Sword bearer's office in the Elan; but we have not heard of any damage having been sustained either by carriers or innkeepers. —The principal part of the day was thus passed, until be tween six and seven o'clock, when a large body of men came from Eaton, near this city, where they had seized some yarn.— This they carried to the Hall, from whence they proceeded to Messrs. Willett's factory, in pottergate.street, where (these gen. demon being suspected of sending work out of the city) they de• molished not only the windows, but the fiat! sof the lower rooms. Al es sr s Bullamore and Hawkins' warehouse in Magdalen-street, Mears. Bolingbroke's, Brownfield's, Willement's, Herring's, and several other houses, were visited, at each of which the pro. prietors were called for and questioned, both as to the quantity of work each had in the country, and as to whether they intended to send any more into the country while the citizens were unem. pinyed. Answers to these questions having been satisfactorily given, no violence was afforded. Mr. Purdy's warehouse, in Peacock-street, was also, very seriously damaged. After the populace had been to the warehouses of the Gen tlemen we have mentioned, they proceeded to Mr. A. Beloe's factory, St. Joh n's, Tienberh ill, where, unfortunately, Mr. Beloe being absent in London, and no person being present to address them, they immediately broke nearly all the windows of this extensive building, whiok, is four stories high. The Deputy Mayor came about this time to the scene of tumult, where he immediately read the Riot Act. The market place then became thronged with people, where the Riot Act was again read by Mr. Francis, and a number of special constables sworn on.— It was then deemed necessary to send to the barracks for the Scots Greys. Colonel J. Harvey addressed the persons assem bled upon the impropriety of their conduct, both at Beloe's, in the Market, and on the Castle Ditches, and recommended their immediate return to their homes. At the Hall great discussion among the Magistrates took place upon the propriety of the Dragoons being sent for ; fortunately there was no necessity to employ them. A party of special constables were sent to each of the manufactories, and the rest of the night was passed in quietude. In the early part of the day, while very many weavers were assembled in the Marketplace, they were addressed by Mr. Alderman Francis, who promised that he would call a meet. ing of the manufacturers, and urge the necessity of their not sending any more work out of the city, while it was in its present state. Pursuant to this promise, many of the principal manufacturers met at the Hall ;—J. Harvey, Esq. the High Sheriff, (the Chairman of the Committee of Manufacturers in this city) in the chair; and it was unanimously agreed that they would send no more workout of the city, and a paper was sent round for the signature of such manufacturers as were not present. After this was agreed upon, a deputatioD of the weavers was called in and acquainted with the fact. The city on Thursday morning exhibited an unsettled and stormy appearance, and in the streets, during the whole day, were to be seen numbers of idle hands. In the morning the magistrates sent officers to summon every respectable inhabitant to the Hall, for the purpose of swearing them on as special con stables. A very large number was sworn in during the after noon, and at half-past five they assembled, in case any fresh disturbance should take place. • About four o'clock a part of Colonel Ilarvey'e Yeomanry Cavalry marched up to the Hall, where they received orders to proceed to Mulbarton, and put themselves under the direction of Dr. Beevor, the magistrtte at that place, as it was surmised by the magistrates that Mr. Be ' loo's factory there might be attempted. Shortly afterwards the Mayor issued the following Bill : Twenty Guineas Reward.—At a meeting of the Magistrates for the city and county. of Norwich, held at the Guildhall on the 2d of February, 1820— It was unanimously resolved and ordered that the most effec tual measures.should he adopted for the prevention of a repe tition of the riots and tumults which have taken place in this city—and that all persons concerned in any acts of outrage and violence which have been or may be committed shall be prose. cuted with the utmost. igour of the law. and that a reward of 20 guineas shall be given for the apprehension of any person I who committed or assisted in any of those acts, to be paid by the High Constable on conviction. By order of the Magistrates, Da HAGUE, Clerk of the Peace. During the whole of the day the Magistrates were in deli beration, and their measures appear to have had the desired effect of stopping these dangerous proceedings. Although there were an immense number, of persons parading the town during the • greater part of the evening, yet no great bodies were congregated, and the small parties that were now and then gathered together were occasioned by the hallooing and huzzaing of a number of boys, whose delight was to hoax and frighten the peaceable and orderly. Throughout the evening we observed that almost all the persons who were abroad consisted of youths, boys, and girls ; the latter we should be inclined to think almost as numerous as the former. We were happy to see of what class the persons walking about were composed, because it only proved that however to be lamented the sufferings they were undergoing, by.far the greater and better p ort i on o f t h e workmer did not conceive themselves justified in taking the redress into their own hands. , Two or three manufacturers issued bills, stating they would tend no more work into the country until all the citizens were employed.—(Norteklt Nercurv.) PRE CF[ PAPERS. ( From the Etoik, dated Thursday, Feb. 2.) The official Gautte of St.Petersburgh contains the following ukase, addressed on the 2Sth De cemlfer (0.5.) by his Majesty the Emperor to the Directing Senate : °‘. A* a tillgippopy pf our particular gratitude for the ser vices I:.r the late 13Nternor of St. Petersburgh, General Milarado witsch, we appoint to the o ffi ce of uncillor of State, his rela tion M. Milaradowitsch, who is attacked to the Procurator of the Senate in the Ist section of the stlidepartment." His Majesty , the Emperor Nicolas has provi sionally confirmed in their functions all the Am bassador', Ministers, and Charges des Affitires at Foreign Courts. New credentials have been sent by Count Nesselrode, Minister of Foreign Affairs. The funeral procession which will bring to St. Petersburgh the mortal remains of the Emperor Alexander, set out from Taganrog on the 7th. In consequence of the division adopted for the journey, it will travel only 5 0 or 6 0 wersts daily . On the 18th of Jan. it will arrive at Charkow ; the 25th at Kursk ; the 30th at Orel ; the sth of February at Toole ; the 12th at Moscow, (where it will remain till the 15th) ; the 20th at Twer ; the 4th of March at Novogorod ; and the 9th at Zarskojeselo. The solemn ceremony of the burial will take place on the 24th of March, the anniversary of the Emperor's accession to the throne. The conspiracy of the 20th has extensive rami fications in the interior of the empire : it has traced chiefly to Kiew. On the 3d of January, an official pamphlet was published, containing a list of the principal ringleaders. (From the Pilote _of Wednesday.) LEGUO RN, .3 . AN. 22. (Private Correspondence.) After so many vague and contradictory reports respecting the late events in Greece, we have just received the most authentic dispatches respecting the battle, which has once more saved Misso longhi from the fury of the barbarians. The Porte tired of the ptomises of Redachid, and dispairing of his ever making himself master of that town, had exiled him to Asia. where death will, perhaps, soon overtake him. Ju*suf Pacha being appointed in his room, left Patras, the command of which he gave up to Ibrahim, with the Turkisk fleet, and 7,000 men, commanded by the apostate Selous. These troops joined the remains of the army of Redschid Pacha, and on the 30th Decem ber Missolonglii was again attacked by s- a and land. The garrison defended it, with unparal leled courage, yet it was threatened with total de• struction, when the Greek fleet, consisting of 72 vessels, appeared in the gulf. The brave Miaulis manoeuvred on this occasion with so much ability, that he forced the Turco Egyptian fleet to a general action ; it was very obstinate. The ship of Miaulis was sunk, but he h a ppily got on board another with ' his crew. At l en g th victory declared for the Greeks ; the en em y took to flight, after having lost above si xteen vessels, as well as frigates and brigs, which were burnt and sunk. The Greeks lost four vessels, the crews of which were almost all saved. As for the Turks, who attacked on the land side, they not only failed in their enterprise, but after having been driven far from the town,by the gar• risen of 7,000 men, and by 3,000 fresh troops whom Miaulis had landed, they were almost all destroyed. A report is even current at this rno• ment, which, if true, would crown the joy of the Greeks. It is said that Colocotroui, profiting by the absence of Ibrahim Pattie, has made himself master of Tripolizza, the Egyptain garrison, which has been cut to pieces. FRENCH FUNDS.—PARIS, FED. I.—Five per 04 C s ents. 50c.—Three per Cents. 14. 35c.—Bank Stock, 2,1.--. Rente de Naples 781.—Iloya, Spanish Loan, 49f.—Exchang o on London, one mouth, 25f. 25 c. ; three months, 25f.—t Coos Authentique.) MR. DOUVILLE'S SUPERIOR PLAN TEAOHI t FRENCH. TO TUE EDITOR OF THE SUN. Sta—Among the ingenious methods Whic h have been thought of, to.facilitate the acquire ment of the French Language, that of Mr. D° 11 " vutai has certainly the highest claims to pu blic notice. By his mode of tuition, the pupil will not only be enabled to converse with the sat" fluency and accuracy of pronunciation, AS if he had studied in Paris, lint he will likewise h° qualified to write w ith the greatest purity en d elegance ; for such is the efficacy• of his systems that while the pupil acquires facility in speaking" he gradually attains a thorough knowledge of t he elementary principl es o f t h e l angu age, and tit/- . becomes perfectly acquainted with those ver' s. tions and niceties of expression which so fre" quently occur in polite conversation among th : fa shionable circl e s i n the c a pit a l of France. 4 . 1 " French Grammar which Mr. Douville has just pub" lished on the same plan, is highly calculated for the rapid attainment of that f a scinating language . It contains exercises chiefly composed of expres sions and sentences most used in familiar discourse ; thus affording the student, in presenting to hi!, view the rules of Syntax, a valuable collection o f useful phrases. The nature of the F re nch verb s is also exhibited in quite a novel and perspic uous manner. But the remarks on pronunciation, the explanations of idioms, the models of composi tion for the common business of the world , an d the treatise on French Poetry, are peculiarly ser viceable. The whole, in short, is se judiciously arranged, that those who may wish to acquire a knowledge of French with a view to conversa tion, will find this work extremely useful. It is published by the author, 6, Coventry-street, Haymarket, and 9., Lawrence -lane, Cheapside. I have the honour to be, Sir, Your most obedient humble Ser ATEW vant, London Fe b. 0 tf32S. AN A letter from an officer •on board of his Ma.. jesty's ship Sioney, dated Trincomalee, Sept: gs 1825, has been revived in Glasgow. The writer mentions the arrival there of the 97th regiment_ from Britain, a short time before the date of letter. The Slane was to sail next day . 1 : Rangoon; and the 97th regiment was to f0 , 1 ., e 7 .. in a few da y s . The r e p orts circulated at comalee were, that the Burmese had an ar m y " 90,000 men ready for the next campaign) wloch was, in consequeuce, expected to be ardaous n ll , severe.